The Financial Oversight and Management Board of Puerto Rico is seeking the nullification of Act No. 41-2022, commonly known as the New Labor Reform.
On September 1, 2022, the Financial Oversight and Management Board of Puerto Rico (FOMB) filed a complaint in the U.S. District Court for the District of Puerto Rico against Puerto Rico’s Governor Pedro Pierluisi Urrutia (Governor) requesting a declaratory and injunctive relief and the nullification of Act 41-2022, commonly known as the New Labor Reform. Act No. 41-2022 was signed into law by...